1,756 Shares of Air Products and Chemicals, Inc. $APD Acquired by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,756 shares of the basic materials company’s stock, valued at approximately $489,000.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in Air Products and Chemicals by 277.4% in the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock worth $10,597,451,000 after acquiring an additional 28,050,956 shares in the last quarter. BlackRock Inc. bought a new position in Air Products and Chemicals in the second quarter worth approximately $5,370,093,000. Bank of America Corp DE bought a new position in Air Products and Chemicals in the second quarter worth approximately $1,216,976,000. Envestnet Asset Management Inc. increased its holdings in Air Products and Chemicals by 326.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock worth $927,010,000 after purchasing an additional 2,563,873 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Air Products and Chemicals during the 2nd quarter worth $495,201,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on Air Products and Chemicals from $346.00 to $359.00 and gave the company an “outperform” rating in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating and set a $373.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 31st. UBS Group cut their price target on Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a report on Monday, August 3rd. Finally, Mizuho upped their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $334.24.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $304.61 on Monday. Air Products and Chemicals, Inc. has a 12-month low of $229.11 and a 12-month high of $324.00. The business’s fifty day simple moving average is $294.94 and its 200-day simple moving average is $290.92. The company has a current ratio of 1.07, a quick ratio of 0.91 and a debt-to-equity ratio of 0.98. The company has a market cap of $67.83 billion, a PE ratio of 127.99, a PEG ratio of 2.89 and a beta of 0.67.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, November 5th. The basic materials company reported $3.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.61. Air Products and Chemicals had a return on equity of 17.19% and a net margin of 4.10%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the firm earned $3.39 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts expect that Air Products and Chemicals, Inc. will post 14.32 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Shareholders of record on Monday, January 4th will be paid a $1.81 dividend. The ex-dividend date is Monday, January 4th. This represents a $7.24 dividend on an annualized basis and a yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is 304.20%.

Air Products and Chemicals News Summary

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Fiscal Q4 adjusted EPS of $3.61 met consensus, while revenue rose 12.3% year over year to $3.56 billion, above estimates. The company also reported 12% growth in full-year adjusted EPS, reduced capital spending, and more than $2 billion in new electronics wins. Air Products fiscal 2026 results and guidance
• Positive Sentiment: Air Products forecast fiscal 2027 adjusted EPS of $14.15–$14.50, above its fiscal 2026 result of $13.45, indicating continued expected earnings growth.
• Positive Sentiment: RBC raised its price target to $359 and maintained an Outperform rating; Mizuho also raised its target, to $360, and kept an Outperform rating. RBC raises price target
• Neutral Sentiment: Barclays lowered its target to $346 from $353 but retained an Overweight rating, leaving its view positive while signaling a slightly reduced valuation outlook. Barclays recommendations
• Negative Sentiment: Reported GAAP results were weighed down by significant charges tied mainly to exiting two China coal-gasification projects. Full-year GAAP EPS was $2.39, far below adjusted EPS of $13.45, highlighting execution and project-related risks despite stronger core performance.

Air Products and Chemicals Company Profile